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Hickory, NC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,471
Monthly Cash Flow
-$269
Principal + Equity
$2,134
Annual Total Gain
$22,386
Cash on Cash
-4.46%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$145
Occupancy Rate
61.99%
Monthly Revenue
$1,907
Monthly Cash Flow
-$119
Principal + Equity
$2,134
Annual Total Gain
$24,191
Cash on Cash %
-1.97%
Net ROI %
Market Health & Growth
Median Income
$63,361
Population
43,747
LTR Renter %
44.11%
Forecast (1 yr)
2.6%
Appreciation (1 yr)
1.94%
Appreciation (5 yr)
53.87%
Appreciation (10 yr)
114.45%
Job Growth
1.62%
LTR Rentability
High
STR Demand
63
STR Rentals
204
Top Public Schools
A-Challenger Early College High School
A-Caldwell Early College High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in North Carolina
#113out of 355 markets
Most Diverse Places to Live in North Carolina
#127out of 509 markets
Places with the Best Public Schools in North Carolina
#146out of 355 markets
B
Public School
C-
Crime And Safety
B-
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hickory, NC.
In Hickory, NC, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Hickory has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering is located in a zone that permits short term rentals.
2. Permitting Requirements: In order to operate a STR in Hickory, property owners must obtain a permit from the city. This permit may have specific requirements such as safety inspections, occupancy limits, and noise regulations.
3. Occupancy Limits: Hickory may have occupancy limits for STRs, which restrict the number of guests allowed to stay in the property at any given time. Investors should be aware of these limits and ensure they comply with them.
4. Taxes: Property owners operating STRs in Hickory are required to collect and remit occupancy taxes to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
5. HOA Restrictions: If the property is located in a homeowners association (HOA), investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
6. Noise and Nuisance Regulations: Hickory may have noise and nuisance regulations that apply to STRs. Investors should be aware of these regulations and take steps to ensure their guests comply with them.
Overall, investors considering purchasing a property for short term rental purposes in Hickory, NC should thoroughly research and understand the city's regulations and requirements to ensure compliance and successful operation of their investment.
Market Trends Over Time
Explore 25 years of market data for Hickory, NC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Hickory, NC.
The LTR Genie Score of Hickory, NC is 80 and the STR Genie Score is 72, indicating that both long-term and short-term rental opportunities are favorable in this market. The high LTR Genie Score can be attributed to the high LTR Rentability and impressive LTR Net ROI of 30.94%. On the other hand, the slightly lower STR Genie Score may be due to the moderate STR Revenue and occupancy rate of 61.99.
Hickory, NC is a growing city located in the western part of North Carolina, known for its strong economy driven by industries such as furniture manufacturing and healthcare. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive location for both residents and tourists.
Based on the metrics provided, Hickory, NC appears to be a promising market for both long-term and short-term rental investments. With a positive 1-year price appreciation forecast and competitive net ROI rates for both rental strategies, investors may consider diversifying their portfolio by exploring opportunities in both rental markets in Hickory. Additionally, the city's growing economy and desirable location make it a potentially lucrative market for real estate investors.
